Wednesday, March 14, 2012

Goldman Sachs (NYSE:GS) Exec Resigns, Criticizes Company in New York Times Op-Ed Piece (GS)

Uploaded by on Mar 14, 2012
On Wednesday, Greg Smith of Goldman Sach's (NYSE:GS) resigned as executive director and a manager of its derivatives business in Europe, the Middle East and Africa.

In a New York Times op-ed piece, Smith criticized Goldman writing, "People who care only about making money will not sustain this firm -- or the trust of its clients -- for very much longer."

Goldman Sachs Group (NYSE:GS) has potential upside of 4% based on a current price of $124.52 and an average consensus analyst price target of $129.5.

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